Flue Gas Desulfurization Systems Market: Global Product Categories Analysis and Forecast (2023 -2029)

Global Flue Gas Desulfurization Systems Market size was valued at USD 20.96 Bn. in 2022 and the total Global Flue Gas Desulfurization Systems revenue is expected to grow by 4.9% from 2023 to 2029, reaching nearly USD 29.30 Bn.
Flue Gas Desulfurization Systems Market Overview
A flue gas desulfurization system is a technology that is used to eliminate sulfur dioxide (SO2) from exhaust flue gases of fossil-fuel power plants. The end-users for FGD systems are Power Generation, Chemical, Iron & Steel, Cement Manufacturing, and other industrial processes that produce significant amounts of SO2 emissions. The demand for the Flue Gas Desulfurization Systems Market is increasing as it reduces emissions and helps to free from air pollution. For instance, Mitsubishi Hitachi Industries based in Japan deals in FGD systems like seawater FGD systems and wet limestone-gypsum FGD systems to remove SO2 from flue gases generated by boilers, furnaces, and other sources.
Flue Gas Desulfurization Systems Market Snapshot
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Drivers:

Increasing power generation sector, Environmental Awareness, and environmental regulations to drive the market.

Developed countries increasing demand for electricity has led to the construction of new energy power plants and coal-fired plants. As industrialization progressed chemical, iron & steel, and cement manufacturing were established, and hence the demand for Flue Gas Desulfurization Systems increased to control the emissions from power plants. The impact of air pollution on health and climate change had pressured industries to reduce emissions. FGD systems play a vital role in modifying the impact on the environment of certain industries. The government forced severe air pollution regulations around the world and the target of these regulations is to decrease the emissions of hazardous contaminants from power plants, and other sources. Hence, the need for the removal of toxic impurities like SOx, NOx, mercury, and particulate matter at their source becomes paramount and therefore there is a higher demand for FGDS which increases the demand for the Flue Gas Desulfurization Systems Market.

Restraints:

Environmental concerns and harmful industrial emissions to restraint the market

Increasing consumption of energy in manufacturing plants is the major reason for harmful industrial emissions, which cannot be avoided at large. These emissions may include nitrogen oxide (NOx), sulfur oxide (SO2), sulfuric acid mist, mercury, and particulate, which may cause an adverse effect on the environment, living species, and non-living infrastructure as well. As a consequence, it is becoming vital to introduce highly efficient technologies to remove these harmful gases. In addition, increasing public pressure on regulators to mandate consideration of alternatives to coal-fired thermal generation is on the escalation. Moreover, stringent emission standards have been enforced by various governments to limit air pollution formed by industries. These rigid regulations have made compulsion for the industry players to install or upgrade existing Flue Gas Desulfurization Systems in manufacturing plants, thereby supplementing the growth of the flue gas desulfurization Flue Gas Desulfurization Systems Market.

Flue Gas Desulfurization Systems Market Opportunity:

Expansion in the market in developed countries and export opportunities

Industrialization is increasing and energy generation capacity is also growing in developing countries which creates an opportunity for industries to expand their business. Asia Pacific countries, like China, India, and other emerging economies accounted for the highest rise in the usage of coal for power generation. Advancements in FGD technologies like continuous research and development create opportunities for cost-effective solutions. Industries that develop advanced FGD technologies to explore export opportunities to countries that are looking to improve their air quality and comply with international emission standards. There is a growing opportunity for FGD system manufacturers and providers to supply to this demand and help these nations address environmental concerns. Such all factors are expected to fuel the market growth.
Flue Gas Desulfurization Systems Market Segment Analysis:
Based on the Type,
The wet FGD system has dominated the Market in the year 2022 and is expected to dominate the market during the forecast period. This growth can be credited to the increased acceptance of wet FGD systems in various industries due to the high effectiveness in removing sulfur dioxide (SO2) from the flue gas. Wet FGD provides a higher degree of efficiency when it comes to removing sulfur oxide(SOx) compared to dry FGD. Along with better efficiency, the wet FGD also offers lower operating costs and more fuel flexibility. Hence, Wet FGD dominates the market over Dry and Semi-dry FGD.
Flue Gas Desulfurization Systems Market Share(%), By Type in 2022


Based on the End-User,
The Power Generation sector has dominated the market in the year 2022 and is expected to dominate the market during the forecast period. The goal of reducing pollution has grown the demand for the power generation industry across the world. Coal-fired power plants are creating the emissions of sulfur dioxide which produces sulfur contaminants. Sulfur trioxide, mercury, nitrous oxides, and hydrochloric acid are some of the impurities that are controlled in power generation. Hence, the increased power generation segment has dominated over other end-users. Chemical, Iron & steel, Cement Manufacturing, and others are the remaining segments.
Flue Gas Desulfurization Systems Market Share(%), By End-User(2022)

Flue Gas Desulfurization Systems Market Regional Insights:
North America has the highest Market share of 27% in the year 2022 and is expected to dominate during the forecast period. The U.S. country has led the market development in the North American region. Installations of Flue Gas Desulfurization plants and the treatment for harmful pollutants which are made by the flue gases have been increasing. The usage of power generation is increasing among people in North America. Europe held the second-largest market share of 21% in the year 2022. Germany and the U.K. are the countries that developed flue gas desulfurization technology, and most of the market growth is expected to come from these countries. APAC is anticipated to be the fastest-growing region during the forecast period as the countries like China, India, and Japan are developed countries, and demand for the power generation industry is increasing.
Flue Gas Desulfurization Systems Market Share(%), By Region(2022)


The objective of the report is to present a comprehensive analysis of the Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SWOT, and PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Market dynamics, and structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Market makes the report an investor’s guide.
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Global Flue Gas Desulfurization Systems Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 20.96 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 29.30 Bn.


 Segments Covered:
by Type
Wet FGD System
Dry & Semi-Dry FGD System


by Installation
Greenfield
Brownfield


by End User
Power Generation
Chemical
Iron & Steel
Cement Manufacturing
Others



Flue Gas Desulfurization Systems Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Flue Gas Desulfurization Systems Market Key Players
1. Mitsubishi Heavy Industries[Chiyoda City, Tokyo, Japan]
2. General Electric
3. Doosan Lentjes
4. Babcock & Wilcox Enterprises[Akron, Ohio, USA]
5. Rafako
6. Siemens
7. Flsmidth
8. Hamon Corporation
9. Clyde Bergemann Power Group
10. Marsulex Environmental Technologies
11. Thermax
12. Andritz
13. Chiyoda Corporation
14. China Boqi Environmental (Holding)
15. Burns & Mcdonnell
16. Lonjing Environment Technology
17. Valmet
18. Kawasaki Heavy Industries
19. Ppel- Power Plant Engineers
20. Beijing Guodian Longyuan Environmental Engineering
21. China Everbright International
Frequently Asked Questions:
1] What segments are covered in the Global Flue Gas Desulfurization Systems Market report?
Ans. The segments covered in the Market report are based on Type, Installation, End-User, and Region.

2] Which region is expected to hold the highest share of the Global Flue Gas Desulfurization Systems Market?
Ans. The North American region is expected to hold the highest share of the Flue Gas Desulfurization Systems Market.

3] What is the market size of the Global Flue Gas Desulfurization Systems Market by 2029?
Ans. The market size of the Flue Gas Desulfurization Systems Market by 2029 is expected to reach US$ 29.30 Billion.

4] What is the forecast period for the Global Flue Gas Desulfurization Systems Market?
Ans. The forecast period for the Flue Gas Desulfurization Systems Market is 2023-2029.

5] What was the market size of the Global Flue Gas Desulfurization Systems Market in 2022?
Ans. The market size of the Market in 2022 was valued at US$ 20.96 Billion.